The Government of Andalusia has given the green light to a decree that establishes a reduction of the Property Transfer Tax (ITP), which taxes the purchase of a used home, at 7%. In this way, the three rates set at 8, 9 and 10% disappear. In addition, it also includes a small reduction of the Stamp Duty tax (AJD) that will go from 1.5% to 1.2%.
This tax reduction will come into force the day after its publication in the Official Gazette of the Junta de Andalucía (BOJA) until December 31, 2021.
If you are thinking about purchasing a property or have purchased but not signed the deed, you can take advantage of the reduction. Andalucia has one of the best inheritance tax deals in Spain, it now has a lower transfer tax than most regions and above all it is best place in Spain to live.
Published 2 of May 2021.
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